TrueUSD (TUSD) News
Real-Time TrueUSD Updates & Analysis

A legacy version of the decentralized finance protocol Yearn has suffered an exploit, reviving concerns about misconfigured and immutable smart contracts that have held funds on the network years after being deprecated. In an X post on Wednesday, Security firm PeckShield reported YearnFinanceV1’s...

This interview was conducted with Justin Sun on November 27, following the Press Conference held in Hong Kong regarding TrueUSD (TUSD) judicial progress . The discussion revolves around the misappropriation of US$500 million in TUSD reserve assets. The conversation covers Hong Kong trust company...

Justin Sun faces a fast-escalating legal and reputational fight in Hong Kong over how large pools of stablecoin reserves were handled. At a press conference on November 27, the founder of Tron and an adviser to Techteryx repeated claims of fraud against Hong Kong trust firm First Digital...

Justin Sun, in a media briefing he held in Hong Kong titled “Truth Unveiled, Justice Revealed,” has shared an update on the ongoing effort to recover $456 million in missing TUSD reserves.   The update came after the Dubai International Financial Centre (DIFC) Court issued an indefinite worldwide...

Tether CEO Paolo Ardoino fired back at S&P Global Ratings after it downgraded USDT’s dollar-peg score, calling the agency a “propaganda machine.” On Wednesday, Nov. 26, S&P Global Ratings lowered its stablecoin stability assessment for USDT from 4 (constrained) to 5 (weak), its lowest mark,...

Credit rating agency S&P Global Ratings assigned TrueUSD ( TUSD ) its lowest possible score, concluding that the stablecoin’s ability to maintain its dollar peg is unlikely. S&P Global Ratings gave TUSD's ability to remain at $1 a score of 5 on a 1-5 scale, where 1 is “very strong,” and 5 is...

1. Investors in Multiple Regions of China Are Required by Tax Authorities to Pay Supplementary Tax on Overseas Investment Income link As reported by Yicai, investors in multiple regions including Beijing, Shanghai and Hangzhou have recently received notices from Chinese tax authorities, requiring...

Dubai’s Digital Economy Court froze $456 million due to ongoing allegations that Techteryx’s reserve funds were fraudulently redirected and misused. The freeze order will remain in effect until Hong Kong courts determine who truly owns the assets. Dubai’s Digital Economy Court has frozen...

Justin Sun is a prolific crypto entrepreneur who, like many of his fellow business-building billionaires has never been afraid to throw himself headfirst into new ventures with a frenetic pace and enthusiasm. There are success stories among these projects. For example, TRON, which, despite its...

A judge at the Dubai International Financial Centre (DIFC) has imposed a worldwide freeze on $456 million in assets tied to the alleged misappropriation of TrueUSD (TUSD) stablecoin reserves, a case linked to Tron founder Justin Sun’s earlier bailout of the token. Key Takeaways: A Dubai...

A judge in Dubai has ordered a worldwide freeze on $456 million in assets linked to a bailout of the stablecoin TrueUSD, placing Justin Sun and his network under renewed scrutiny. The Dubai Digital Economy Court issued the order after TrueUSD’s issuer, Techteryx Ltd., reported that someone...